Shenwan Hongyuan (06806) announced interim results. Profit attributable to shareholders of RMB 2,128 billion decreased by 43.22% year-on-year

According to the Zhitong Finance App, Shen Wan Hongyuan (06806) announced the interim results for the six months ended June 30, 2024. The group achieved total revenue and other revenue of 15.9 billion yuan (RMB, same below) during the period, a year-on-year decrease of 8.89%; profit attributable to shareholders was 2,128 billion yuan, a year-on-year decrease of 43.22%; and a basic profit of 0.08 yuan per share.

According to the announcement, during the reporting period, the company's securities brokerage business was customer-centered, actively strengthened customer acquisition and customer service capabilities, increased layout investment around strengthening “channel power, service power, product power and digital power” construction, continued to transform and upgrade to refined operations, continuously expand the depth of channel cooperation, enhance customer transformation capabilities, continue to promote wealth management business transformation, and achieve high-quality development of the brokerage business. The reporting period achieved net revenue of 1,393 billion yuan from the agency trading business, adding 441,400 new customers, and increasing the effective household rate of new customers by 18% over the same period last year. By the end of the reporting period, securities clients' custodial assets reached 4.01 trillion yuan, an increase of 1.25% over the end of the previous year. The total number of customers exceeded 10 million, and the customer and asset base was further consolidated.